Let me provide you an example:
Winter in New England requires that vacant bank properties become "winterized" so that the pipes don't freeze. A majority of the selling parties will not "de-winterize" for you to do your home inspections or for your financing to be approved (FHA financing requires working heating systems). This means you have to get the home's heating system working at your own cost. One client of mine spent $1000 with the heating contractor to get new parts installed and boiler running. This was at inspection... luckily she bought the home.
You want a good value! My recommendation is that you don't limit yourself to these distressed homes. I do believe you should only work with an agent that has lots of experience to navigate this current market. Ask for years in the business and how many sales did they make in 2009. Anything less than a dozen sales, move on.
I do not cover the towns you are shopping in, but cover Metrowest. A good economical town outside of Boston is Framingham.
Feel free to contact me for a referral to a good agent in these other communities or for additional insights on your search. Good luck.
Remax Executive Realty
Yes I can help you with finding one of these homes! If you would like to receive a complete list I can email you and set you up on an alert so you will know when something new posts immediately.
I look forward to hearing from you.
P.S. Love the screen name!
Feel free to use the site to search all the REO's and Short Sales in the other areas as well!
I post a list every week.
Also my office are authorized HUD brokers
Hope that helps,
I am full time real estate professional working in Boston and Metrowest area.
I will be more then happy to assist you in this process.
Will town house or half of duplex work for you of you will be looking for a single family house only?
Please email me your contact info and let's get started!
508-361-6047 - cell
I would be happy to help you as I do work in those towns and I have also an LMC designation which is a specialty in foreclosures and short sales.
Feel free to contact me at email@example.com or 617-501-8519
Looking forward to hearing from you!
Century 21 Carole White Associates
Terri L. Evans, GRI RealtorÂ®
Keller Williams Realty
Licensed in Virginia & West Virginia
Please visit my website http://www.WinchesterVaHomes.com for Free information.